Weekly Newsletter – 10-05-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – October 04, 2018

Weekly Mortgage Applications – 10-03-2018

  • 30 Year Mortgage Rate decreased to 4.71% compared to 4.72% last week. The 30 year rock bottom rate touched in last 10 years is 3.36%

  • 15 Year Mortgage Rate decreased to 4.15% compared to 4.16% last last week. The 15 year rock bottom rate touched in last 10 years is 2.69%

  • 5/1 Adjustable Rate Mortgage Rate increased to 4.01% compared to 3.97% last week. The 5 year rock bottom rate touched in last 10 years is 2.72%

  • Rates are still low. Purchase or Refinance before rates move up further

  • Mortgage applications has 0% change for the week ended October 03, 2018

  • Mortgage apps generally move in the inverse direction of rates

  • Rate are still low. If already on a fixed  30 year rate, change to a 15 year fixed loan and cut your term!

  • Share your comments on our Facebook page!

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"Sometimes, there is no next time no timeouts no second chances. Sometimes, it is now or never."

– Anonymous

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CONVENTIONAL LOAN PROGRAM

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"When you can't control what's happening, challenge yourself to control the way you respond to what's happening. That's where your power is"

– Anonymous

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HOUSING AND ECONOMIC DATA

Economic Indicators – July 2018

 

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  • Homeownership Rate for US is 63.9% in January 2017. US Leading Index is at 1.17% in July 2018 reflecting a 5.6% decrease compared to last year and California Leading Index is at 1.28% in July 2018 reflecting a 44.8 decrease from year ago

  • Major Currencies increased to 103.672 reflecting a 1.4% increase from year ago. Gold Fixing Price increased to 1,238.525 reflecting 0.2% increase from year ago. Crude Oil prices increased to 74.22 Dollars in July 2018 reflecting a 53.7% increase from year ago. Federal Deficit was at  -3.41472% in July 2018 reflecting a 9.3% increase from year ago. Total Vehicles sales is 17.2 Million in July 2018 reflecting a 0.6% increase from year ago

  • Mortgage backed securities for all maturities is $1,742,845 Mn in May 2018 reflecting a 1.7% decrease from year ago

  • Real Gross Domestic Product increased 18,514.595 Bn reflecting 2.9% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 105.23224 reflecting 1.6% change from year ago

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Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – July 2018

Freddie Mac Unemployment Rate – Consumer Prices – Real GDP – Actual and Forecasts – July 2018

  • 30 year Fixed Mortgage Actual Rate is 4.5% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 4.6% and will increase to 4.8% in 4th quarter of 2018. Forecast for 1st quarter of 2019 is 4.9% and will increase to 5.3% in 4th quarter of 2019

  • 10 year Const. Mat. Treas Actual Rate increased to 2.9% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 2.9% and will increase to 3.0% in last quarter of 2018. Forecast for 1st quarter of 2019 is 3.3% and will increase to 3.6% in last quarter of 2019

  • 5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.8% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 3.9% and will increase to 4.1% in last quarter of 2018. Forecast for 1st quarter of 2019 is 4.3% and will increase to 4.7% in last quarter of 2019

  • Share your comments on our Facebook page

  • Actual unemployment rate for 2nd quarter of 2018 is at 3.9%. Forecast unemployment rate for 3rd quarter of 2018 is 3.8% until last quarter of 2018. Forecast unemployment rate for 1st quarter of 2019 is 3.8% and continues until the last quarter of 2019

  • Actual CPI for 1st quarter of 2018 is at 3.5%. Forecast for 2nd quarter of 2018 is 2.0% and will increase to 2.4% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.2% and will increase to 2.5% in the last quarter of 2019

  • Actual Real GDP is at 2.0% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 3.4% and will decrease to 2.6% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.6% and will decrease to 2.3% in the last quarter of 2019

  • Share your comments on our Facebook page

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"Money is really just an idea."

– Robert Kiyosaki

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FHA LOAN PROGRAM

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Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let's make it happen!

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VA LOAN PROGRAM

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JUMBO LOAN PROGRAM

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Second Opinion Doesn't Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

WEEKLY NEWS UPDATE!

The Fed Is Serious – It Wants Higher Inflation

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Fed’s Jerome Powell doesn’t expect low unemployment rate to cause inflation spike

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Weekly mortgage applications flatline, along with interest rates

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SOME MORE NICHES

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No Loan Contingency

Present strong offers with pre underwritten approvals with no loan contingency. Final conditions include property appraising per contract and clear title.

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

 

    

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]

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